Bitcoin (BTC) has shown an upward trend in the fourth quarter with an average gain of 26% per year since 2019. Although it has been a tradition for the cryptocurrency to underperform in the third quarter of the year, it has produced positive results in the last three months of the year in the past few years. Q3, traditionally not the most successful for Bitcoin, is coming to an end. Q4 is approaching, during which the average growth over the past five years has been 26%. pic.twitter.com/zLyei0e6FK — Axel 💎🙌 Adler Jr (@AxelAdlerJr) August 30, 2024 For instance, in the…

The SHIB coin has recently seen a significant rise in the rate at which the tokens are being burned, which is a positive step towards decreasing the total amount of tokens in circulation. According to the Shibburn tracker, which tracks the amount of SHIB tokens that have been burned, the burn rate has increased by more than 28,145% within the last 24 hours. In the past 24 hours, there have been a total of 96,434,994 $SHIB tokens burned and 2 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/PfyQVsIO3m — Shibburn (@shibburn)…

Bitcoin (BTC) has experienced wild volatility over the last 24 hours. Starting the day at around $59,300, the digital asset began to climb significantly early into the trading sessions, hitting highs close to $59,660. This early move enabled traders to develop a positive sentiment and drive the price during the early hours. However, the upward move could not be prolonged, with the digital asset meeting resistance close to the day high that forced a reversal in Bitcoin’s price action. Source: CoinMarketCap A steep fall was noticed during the mid-hours of the day, and Bitcoin touched a low of around $58,500.…

Bitcoin (BTC) price has lately been under pressure and has dropped below the $60,000 mark which is a significant level for traders and investors as support. In the last 30 days, the cryptocurrency has lost more than 10% of its value, with the current trading price at $59,530, which is 4% down in the last 24 hours. This price movement has raised the eyebrows of the market players, especially since Bitcoin was relatively stable in the first half of the month. Source: CoinMarketCap Whale Activity and Market Reactions Another reason that may have contributed to the current bearish trend of…

The price of Toncoin (TON) has been on a downward slope since Pavel Durov, the founder of Telegram, was Arrested in France on August 25. Durov was arrested at an airport near Paris under a special police unit OFMIN warrant. These allegations have stirred up controversy that the Telegram CEO was involved in drug trafficking, child exploitation, and crypto fraud, among other charges. Consequently, after the news about Durov’s arrest broke, the value of Toncoin fell by more than 22% and was recorded at $5.2 from a previous high of $6.8. However, this sharp fall in its price happened despite…

Bitcoin has maintained a solid bullish stance over the past week, with its price testing and surpassing previous weekly highs. Opening at $58,500, Bitcoin peaked at $64,879 before settling above the $63,000 mark, where it remained for the rest of the week. This steady rise in Bitcoin’s price, punctuated by multiple peaks and minor corrections, signals intense buying pressure and sustained interest from market participants. However, the daily chart reveals a more volatile journey, with Bitcoin experiencing fluctuations despite overall gains. Source: CoinMarketCap As of press time, Bitcoin was trading at $63,770, a slight 0.25% decline from its recent highs.…

Several crypto analysts, among them the renowned DustyBC, have identified a symmetrical triangle pattern forming from the price action in XRP, a signal that consolidation is on the way. As of August 24, 2024, XRP has been oscillating around the $0.60 level, consolidating within the boundaries of this symmetrical triangle.  The slope of the triangle’s upper trendline slopes downwards, while the lower one slopes upwards, suggesting further consolidation. Source: X According to DustyBC, XRP may experience a good rally after breaking above the upper trendline of this symmetrical triangle. The analyst has actually projected that XRP could rise to at…

The price of Bitcoin has rallied significantly, surging over 20% from its August 5 low of around $49,557. Analysts believe the recovery could continue, potentially pushing Bitcoin to around $68,000 in the coming weeks. At press time, BTC was trading at $64,309, a 4.92% surge from the intra-day low. Declining Bitcoin Supply on Exchanges One of the key pointers supporting the bullish outlook for Bitcoin is the continued supply depletion on centralized exchanges. In this regard, since August 23, the amount of Bitcoin held on exchanges was at around 2.68 million BTC—11% lower than the beginning of the year when…

Solana (SOL) has been recovering over the past week while being buffeted by the general market weakness. The Solana price action and large money transactions indicate that market sentiment might again turn positive towards the cryptocurrency. At press time, SOL was trading at $144, a 1.31% surge from the intra-day low. SOL/USD (source: CoinMarketCap) Whale Transactions Indicate Increased Investor Interest The latest on-chain data points toward major activity with large investors in the cryptocurrency space. On 22 August, two major holders moved off Binance 56,245 SOL tokens worth $8 million at current prices. One of the addresses sent 30,000 SOL,…

Bitcoin (BTC) has seen a significant rally, climbing more than 3% to break the $61,000 mark. This movement came after a period of range-bound trading which had been characterised by high volatility in the light of recent macroeconomic developments in the United States. In particular, the adjustment of US employment data and the Federal Reserve’s meeting minutes, which were more dovish than expected, led to a short-lived spike, during which BTC/USD touched $61,000 and then fell back to $59,500. Source: CoinMarketCap The market’s response also involved massive liquidations. Statistics from CoinGlass showed that about $124 million worth of crypto positions…